Toll Brothers Inc. (NYSE:TOL) Shares Sold by Choreo LLC

Choreo LLC decreased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 46.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,018 shares of the construction company’s stock after selling 2,659 shares during the quarter. Choreo LLC’s holdings in Toll Brothers were worth $319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insigneo Advisory Services LLC lifted its holdings in Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after acquiring an additional 89 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock valued at $227,000 after acquiring an additional 100 shares during the period. NewEdge Advisors LLC lifted its holdings in Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after acquiring an additional 100 shares during the period. Bessemer Group Inc. lifted its holdings in Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after acquiring an additional 104 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Toll Brothers by 6.7% in the first quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company’s stock valued at $180,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the company’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock worth $440,586 in the last three months. 1.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TOL. Evercore ISI reissued an “outperform” rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. UBS Group restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wells Fargo & Company boosted their price objective on Toll Brothers from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

Toll Brothers Stock Down 0.3%

Shares of TOL opened at $123.00 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.28 and a beta of 1.36. The stock has a 50 day moving average price of $113.03 and a 200 day moving average price of $112.18.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.38 EPS. Equities research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s payout ratio is currently 7.42%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.